Just more than one in every 10 of venture capital deals that took place in Africa last year were climate-related investments, the 2022 AVCA Venture Capital in Africa Report shows. “With the inclusion of venture debt, venture inflows to Africa last year stood atUS$6.5 billion raised across 853 deals.”Have you read? Venture debt market cover clean tech and mobile moneyThe three most active sectors by volume in the venture debt category are: Financials (30%), Utilities (28%) and Industrials (15%) . “The number of investors that took part in venture deals on the continent topped a thousand in 2022, across both venture capital and venture debt deals. When evaluated against any year other than the stratospheric 2021, industry activity in Africa’s venture capital ecosystem was very strong.”See the full 2022 AVCA Venture Capital in Africa Report

Source: The North Africa Journal April 21, 2023 14:23 UTC